Scott Morrison recently promised that if the stimulus package does not create enough jobs, he will increase business incentives. Federal Treasury Secretary Josh Fredenberg hinted that as more people will be unemployed for a longer period of time, unemployment benefits will increase in the long term.
In this regard, Jennifer Westacott, CEO of the Business Council of Australia, said that the plan will allow people to continue to work and provide companies with the cash flow needed to hire more employees. She said: “The budget recognizes through investment incentives and loss reversal plans that companies will play an important role in reviving the economy and they should be given confidence to immediately expand, innovate, and purchase new plants and equipment.”
